Trump Reduces Tariffs on Indian Goods to 18% After Modi Talks
World
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Moneycontrol•02-02-2026, 23:57
Trump Reduces Tariffs on Indian Goods to 18% After Modi Talks
- •US President Donald Trump announced a reduction in reciprocal tariffs on Indian goods to 18% following a phone conversation with Prime Minister Narendra Modi.
- •This move aims to stabilize and strengthen economic ties between the two largest democracies after months of escalating trade tensions.
- •Previously, tariffs had reached as high as 50% on some Indian exports due to punitive measures, partly in response to India’s purchase of Russian oil.
- •The timeline shows a fluctuating tariff policy, starting with a 26% reciprocal tariff in April 2025, reaching 50% by August 2025, before the recent reduction.
- •Negotiations for a more comprehensive bilateral trade agreement are ongoing, highlighting the balance between strategic cooperation and competitive trade interests.
Why It Matters: Trump reduces tariffs on Indian goods to 18% after talks with Modi, aiming to reset economic ties.
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